BAB, Inc. Reports Results for 1st Quarter FY 2017

DEERFIELD, Ill.--()--BAB, Inc. (OTCQB: BABB), announced its financial results for the first quarter ended February 28, 2017.

For the quarter ended February 28, 2017, BAB had revenues of $493,000 and net income of $53,000, or earnings of $0.01 per share, versus revenues of $581,000 and net income of $89,000, or earnings of $0.01 per share for the quarter ended February 29, 2016.

Total operating expenses were $440,000 for the quarter ended February 28, 2017, versus $492,000 for February 29, 2016.

BAB, Inc. franchises and licenses Big Apple Bagels®, My Favorite Muffin®, SweetDuet® frozen yogurt and Brewster’s® Coffee. The Company’s stock is traded on the OTCQB under the symbol BABB and its website can be visited at www.babcorp.com.

Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “forecast,” “estimate,” “project,” “intend,” “expect,” “should,” “would,” “believe” and similar expressions and all statements which are not historical facts are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the company’s actual results, performance (financial or operating), or achievements to differ from the future results, performance (financial or operating), or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the company’s SEC filings.

(TABLE FOLLOWS)

BAB, INC.      
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
 
         
Fiscal Quarter Ended
 
02/28/17   02/29/16     % Change  
REVENUES
 
Royalty fees from franchised stores $ 400,261 $ 406,900 -1.6 %
Franchise and area development fee revenue - 15,000 -100.0 %
Licensing fees and other income   92,460     158,977   -41.8 %
Total Revenue 492,721 580,877 -15.2 %
 
OPERATING COSTS AND EXPENSES
 
Selling, general and administrative 434,829 486,692 -10.7 %
Depreciation and amortization   5,208     4,849   7.4 %
Total Operating Expense 440,037 491,541 -10.5 %
     
Income before interest, other and taxes   52,684     89,336   -41.0 %
 
Interest expense - (397 ) -100.0 %
Interest and other income 32 186 -82.8 %
     
Net Income $ 52,716   $ 89,125   -40.9 %
 
Earnings per share - basic and diluted $ 0.01 $ 0.01
Average number of shares outstanding 7,263,508 7,263,508
 

Contacts

BAB, Inc.
Michael K. Murtaugh (847) 948-7520
Fax: (847) 405-8140
www.babcorp.com

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